Global Truck Platooning Market 2021-2026

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    GLOBAL TRUCK PLATOONING MARKET

     

    INTRODUCTION

    Truck platooning is the use of connection technologies and automated driving support systems to join two or more vehicles in a convoy. When these cars are connected for specific sections of a journey, such as on highways, they automatically maintain a fixed, tight distance between each other. Vehicle that follows behind The lead vehicle. The truck in the front of the platoon serves as the platoon’s leader, with the vehicles behind reacting and adapting to changes in its movement – requiring little to no effort from drivers. In the first case, drivers will retain control at all times, allowing them to leave the platoon and drive alone.

     

    infographic: Truck Platooning Market, Truck Platooning Market Size, Truck Platooning Market Trends, Truck Platooning Market Forecast, Truck Platooning Market Risks, Truck Platooning Market Report, Truck Platooning Market Share

     

    Truck platooning has the potential to make future road transportation safer, cleaner, and more efficient. As a result, truck manufacturers are keen to bring these platoons to European highways, and the first real-world experiments are already underway. Truck platooning saves fuel and reduces CO2 emissions. Because trucks may travel closer together, air-drag friction is considerably decreased. Platooning can cut CO2 emissions from following cars by up to 16% and from the lead vehicle by up to 8%.

     

    The advantages of a system in which vehicles may travel on highways with pre-set spacing between them utilizing autonomous technology are simple to grasp. Using modern technology, vehicles may create coordinated, precisely spaced convoys and therefore move closer together over long distances, reducing air drag friction, fuel consumption, and expenses. Platooning vehicles together is a way of improving road capacity. Platoons use electrical, and potentially mechanical, connection to reduce the distance between automobiles or trucks. This feature allows many vehicles or trucks to accelerate or halt at the same time. Vehicles may follow each other more closely than they could previously.

     

    GLOBAL TRUCK PLATOONING MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Alberta highways used in national study to test automated truck convoys Starting in November the Queen Elizabeth II highway to Edmonton and the Trans-Canada highway to Banff will have select long haul trucks travelling nose to tail that will appear far too close together to passing drivers. But it’s a more efficient way of hauling goods because that short distance apart will result in a smoother traffic flow, higher traffic safety, fuel savings and a reduction in CO2 emissions. Canada This would enhance better Emission Controls

     

    GLOBAL TRUCK PLATOONING MARKET DYNAMICS

    As original equipment manufacturers (OEMs) attempt to restart production by bringing heavy investments to the market, a significant number of factors are being implemented, including an increase in demand for powerful vehicles with higher carrying capacity to handle weights and strong suspension systems, an increase in demand for fuel-efficient trucks, and strict laws and regulations related to carbon dioxide emissions. The Europe Vehicle Control and Safety Administration established new fuel efficiency criteria for heavy-duty vehicle engines powered by diesel, natural gas, and other fuels.

     

    The severe emission regulations imposed by governments would fuel the significant market development in the special vehicles category. Because of the increased demand for more fuel-efficient and safer automobiles, automakers are significantly investing in cutting-edge vehicle technology. Truck platooning is one of the sophisticated technologies used by automakers to make trucks more efficient and safer. The growth in the frequency of road accidents caused by driver mistake, as well as the increased emphasis on lowering transportation operational costs, are likely to boost demand in the truck platooning industry. Because of the increased need for automated technologies, truck platooning is projected to boost demand in areas such as road construction, transportation, logistics, and information technology. 

     

    Truck platooning technology is being significantly invested in by industrialized regions such as Europe and North America to meet a variety of people’s demands. The major reasons driving development in European markets are technical improvements such as the integrated use of IoT and the introduction of stringent laws such as ACEA’s EU General Safety Regulation requirements for vehicle safety.

     

    GLOBAL TRUCK PLATOONING MARKET SEGMENTATION

    The Global Truck Platooning Market can be segmented into following categories for further analysis.

     

    By Truck Application

    • Light Duty Trucks
    • Medium Duty trucks
    • Heavy Duty Trucks
    • Common Usage Trucks
    • Military Trucks

     

    By Truck Platooning Type

    • Autonomous Truck Platooning
    • DATP

     

    By System Type

    • Adaptive Cruise Control
    • Automated Emergency Braking
    • Blind Spot Warning
    • Forward Collision Warning
    • Global Positioning System
    • Human Machine Interface
    • Lane Keep Assist

     

    By Type of Consumption

    • Automatic Crash Notification
    • Emergency Calling
    • Navigation and Infotainment

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL TRUCK PLATOONING MARKET

    Truck platooning is the technique of coordinating numerous vehicles into a convoy using connective technologies and automated driving systems. It enables all of the vehicles to move extremely close together, with the lead truck controlling the overall pace of the convoy. When the truck in front slows down, it immediately sends a signal to the platoon to brake automatically. In theory, the autonomous system’s reaction time would be five times faster than that of a human driver, allowing for significantly shorter following distances.

     

    The unique Autonomous Relay Convoying (ARC) system includes an AI-controlled follower truck that follows the human-driven leader truck using its own vision and information transmitted through dedicated short-range inter-vehicle communication (DSRC). According to Locomation, the following truck is aware of its surroundings and is aware of possible hazards, but it leaves most of the high-level driving choices to the human and is mainly concerned with imitating the moves of the lead truck.

     

    ARC is expected to provide several benefits due to aerodynamic-drag improvements and precise control of the vehicle by the autonomous driving system, including an estimated 30 percent or more reduction in operating cost per mile, an 8 percent reduction in fuel expense, a 2x increase in freight density per lane, and annual CO2 emissions cuts of 41 metric tonnes per tractor. Human-guided autonomous convoys, according to Locomation, provide a “solid growth path” for higher levels of automation in the future. Nonetheless, vehicle platooning has its own set of risks.

     

    COMPETITIVE LANDSCAPE

    The safe situation is only possible in platoons with controllers since their response time is faster than that of human drivers. However, safety conditions are still being investigated due to potential hazards regarding communication failures. These risks also highlight the need to improve the dependability of the systems engaged in this sort of work. With the maturation of vehicle-to-vehicle (V2V) communication systems, cooperative adaptive cruise control (CACC) was introduced and has become the cornerstone of truck platooning.

     

    Volvo Group is part of the most recent developments within the Truck Platooning technologies of implementation within the real time operational space. The Volvo’s CACC technology is an improvement to current Adaptive Cruise Management (ACC) technology that allows for tighter and more precise control of the space between trucks while also increasing safety.

     

    The sophisticated technology that enables platooning is intended to supplement rather than replace trained professional truck drivers. The advantages of platooning using CACC include faster reactions to severe braking while preserving safety, greater longitudinal control when following in a lane, lower emissions, and improved traffic flow.

     

    The US Department of Transportation/Federal Highway Administration Advanced Research Program and Caltrans are funding the CACC technology being developed in collaboration with PATH. Cambridge Systematics, Inc., the Los Angeles County Metropolitan Transportation Authority, and the Gateway Cities Council of Governments are other project partners.

     

    MAN trucks is part of the new development within the global market for truck platooning which is aimed at better efficiency of operations. Convoys that are well-planned and run via a wireless local area network (WLAN) actually reduce traffic congestion. Two trucks require just 50 metres of space instead of 90 metres.

     

    Trucks travelling in a convoy take use of the slipstream of the vehicle ahead. Platoon trucks are currently kept at a spacing of 15 to 21 metres apart. A decrease of 10 to 15 metres may boost fuel savings from four percent to ten percent. The slipstream impact would be enhanced if the GPS-based cruise control capabilities (MAN Efficient Cruise, MAN Efficient Roll) were employed, which was not feasible during the practical testing owing to limitations imposed by the authority. Platooning technology is largely based on tried-and-true support technologies that are currently in use in regular MAN trucks. These include the ACC adaptive cruise control, the EBA emergency braking system, a serial radar, and a serial camera.

     

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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